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UK loses its market edge as pound bulls disappear | Luxembourg Times/Bloomberg

“‘Covid has been a convenient detractor from the Brexit hit,’ said Mike Riddell, who manages more than $10 billion at Allianz in London. He’s short the pound and closely watching how the economy fares when the government’s furlough payments, which supported people out of work during the pandemic, end this month. The UK has suffered a ‘nasty cocktail of a bad Covid hit and Brexit,’ he said.”

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